Adara Acquisition Corp.
ADRA-UN
New York Stock Exchange Arca8.70
USD
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Adara Acquisition Corp.
ADRA-UN
(New York Stock Exchange Arca)
Recent
price
8.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Adara Acquisition Corp. (ADRA-UN) is a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It has not yet identified or completed a specific target acquisition as of the latest available information. The company offers no operating products or services beyond its SPAC structure, which provides sponsors and investors access to public markets through an initial public offering of units comprising Class A ordinary shares and warrants; post-IPO, it focuses on sourcing, negotiating, and executing a de-SPAC transaction. Founded in 2021 and headquartered in New York, New York, Adara Acquisition Corp. operates principally in the United States, targeting businesses across various industries for its initial business combination, with a focus on sectors such as technology, media, telecommunications, and consumer goods. Its sponsor, Adara Enterprises LLC, an affiliate of experienced SPAC operators, supports the search for high-growth opportunities. The company maintains flexibility in deal size and structure, potentially pursuing multiple transactions to build a portfolio. No major company changes, such as partnerships, acquisitions, funding rounds beyond its IPO, new product launches, strategic shifts, expansions, name changes, or reorganizations, have been publicly reported for Adara Acquisition Corp. in the last 1-2 years. It remains in the pre-business combination phase, with ongoing extensions of its completion deadline through trust account contributions as required by its charter. The company's website at www.adaraspac.com provides updates on its status and proxy materials for shareholders.